Free valuation

Newark Road, North Hykeham, LincolnResidential (land), Refurbishment Opportunities

£385,000
Book a viewing

About this property

LOCATION
The land and property is prominently located on Newark Road (A1434) within a popular residential area, with surrounding properties comprising a mixture of detached and semi-detached houses and bungalows.

The property is close to a wide variety of amenities including schooling of all grades, Doctors’ Surgery, the Forum Shopping Centre, ASDA Superstore, Public Houses and Train Station. There is easy access to the A46 Bypass which in turn, gives access to the A1 and the Mainline Train Station at Newark.

DESCRIPTION
GUIDE PRICE – £385,000 SUBJECT TO PLANNING – We are pleased to offer for sale, this excellent development opportunity comprising a Period Semi-Detached House in need of refurbishment, together with a plot extending to approx. 0.48 acres (1,940 sq.m), which has previously had the benefit of Planning Consent for Three Detached Dwellings, although it is possible that a development of more houses could be achieved, subject to the necessary Planning Consents.

The land and property comprises a Period Semi-Detached House, which requires complete refurbishment and in addition, the extensive grounds are considered to have significant development potential, having previously had a scheme of three detached houses approved (Application Number: 15/0562/OUT), although given the plot size, it is considered likely that a development of more houses could be achieved, subject to the necessary Planning Consents.

GUIDE PRICE & OFFERS
All interested parties are invited to submit offers, subject to planning, given that the previous Planning Consent has now lapsed. The guide price for offers is £385,000, based on what has previously been approved, but will be subject to clarification once a satisfactory Planning Consent has been agreed by a prospective purchaser.

During the Planning Application process, the property will be reserved for the successful Developer, subject to the payment of an Option Fee. Further details are available on request.

SERVICES
Mains drainage, gas, electricity and water are all understood to be available to the site.

EPC Rating – G

TERMS
The development land and existing house is being offered for sale on a Freehold basis.

PLANNING
North Kesteven District Council.

VIEWING
By prior appointment through Mundys only.

Energy Performance Cerificate (EPC)